European Central Bank Vice President Luis de Guindos showed some optimism that underlying inflation may be peaking as he insisted there’s no settled view on the path of interest rates after a likely hike this month. “We will be data dependent,” he said in London on Friday, after observing that “while underlying price pressures remain strong, most indicators have started to show some signs of softening.” Officials including Guindos — one of the more hawkish members of the Governing Council — have made the outlook for inflation measures that strip out volatile items like energy and food central to their view on how ... (full story)